Gold futures finished higher on Thursday, whetted by the weakness in dollar and on dip in US Treasury bond yield notes. Moreover, safe haven buying ahead to today’s monthly labor market data release and on woes over global economic health. Meanwhile, the US debt ceiling bill was passed by the House of Representatives, allaying fears of a catastrophic default.
Gold futures for August delivery added by $13.40 or 0.67% to settle at $1995.50 ounce on the Comex division of the New York Mercantile. While, spot gold up by $3.63 or 0.18% to $ 1,981.24 per ounce.